Enbridge Semi Variance
| ENB Stock | | | USD 53.59 -0.40 -0.74% |
Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level. Below is Enbridge's current Semi Variance with peer comparisons and related risk metrics.
Current Semi Variance Value
At 0.676, Enbridge exhibits low price variability in Semi Variance. This places Enbridge at the lower end of the volatility range for Oil & Gas Storage & Transportation.
Semi Variance | = | SUM(RET DEV)2N(ZERO) |
| = | 0.676 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual return deviation over selected period |
| N(ZERO) | = | Number of points with returns less than zero |
Semi Variance Peers Comparison
Among sector peers, Enbridge's Semi Variance of 0.676 is below the 2.28 group average. The range runs from 0.5738 (TC Energy Corp) to 4.85 (BP PLC ADR). Enbridge has exhibited less price dispersion than the peer average over the measured period.
Semi Variance Relative To Other Indicators
The chart below plots Semi Variance against Maximum Drawdown for Enbridge and its peers. Each point represents one equity — position along the horizontal axis shows Semi Variance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Enbridge's Maximum Drawdown of
7.18 runs about
10.63 times its Semi Variance of
0.68 . This indicates Maximum Drawdown substantially exceeds Semi Variance for Enbridge.
Methodology, Assumptions & Data Sources
Enbridge has a current Semi Variance reading of 0.676. Semi Variance for Enbridge is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Enbridge operates in the energy sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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